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>> apple, the tech giant everyone loves to bite, squeeze, and chew on, is announcing earnings. the stock hammered in recent week z as everyone tries to time it. it's now the right time to buy finally. dr. doom and gloom himself calls for a market crash, a correction for ages as he's called out by the blogs as missing the target. he now makes a new bold prediction. what is it, and is he finally right? we got tough questions for mark bobber. and social security -- it's playoff time. emotionally charged celtics team returns tonight down one game, a fox business exclusive with the celtics ceo and co-owner on the booming business of basketball, and how boston's team and city are doing. "countdown to the closing bell" starts right now. ♪ good afternoon, everybody, i'm liz claman, breaking news. the gains in the markets you see below us on the screen belie what happened just after 1 p.m. eastern time. that's when the associated press' twitter account, close to 2 million followers, was hacked and an erroneous tweet sent out, bogus, claiming there was two explosions at the white hous
will want to see how tarnished is apple's shine releasing the latest quarterly earnings and most expect disappointing results. apple's high flying stock has plunged from over $700 to $390. apple has not released any new products and sales are mediocre. the good news is that expectations are so low that apple could start to surprise wall street and begin the turn around. apple now is dealing with defective iphones. two chinese newspapers report that apple returned 8 mill -- eight million iphones to china. it is not cheer clear which models are affected but apple is not experiencing iphone short averages and they could cost the company $250 million. executives have admitted that the iphone is the most difficult device they have assembled. >> netflix starts positive with shares for the company surging yesterday following the announcement they signed up two million new subscribers the first quarter closing up 11 points to $174.237 a share because of additional they say of new original programming including "house of cards" and "arrested development." the c.e.o. says that the company could o
with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between some major launches. between the ipod and the iphone, there was about six years where apple was mostly doing software iterations. >> john fort, thank you very much, we
like the coolest day for the upcoming weekend. >>> i am looking at the very latest reading for apple and right now they are up about a dollar or almost $2 per share. analysts are expected to hear quarterly margins and they say lower margins are on the iphone 5, apple has lost some of its luster and apple is down from its all-time high in september. google could bring you more information and google is the service that tries to answer questions before the user even asks them. for example it could give you a heads up on your usual route home from work and adding it now, it could affect the area and it could be an option they could turn on and off. >>> time now 651, a historic post office in downtown berkeley, why it will not be a post office while they decide to sell the building. >>> traffic looks good heading off to the high-rise and we will tell you more about the morning commute. is it wrong to buy an entire outfit to match your mani-pedi? shop like a fashionista. not if you find something amazing for less than the price of it. save like a maxxinista. designer brands at t.j. prices
of an album. if you are a fan, you should know the swedish firm is expanding globally as others twitter, apple and amazon look to cash in on the booming ution on this market. it is the fastest growing source revenue so the global recorded music industry in 2012 according to the international federation of the phonographic cup in industry. pop divas will be happy. they pay $1.2 billion in royalty and license fees to artists up from $700 million in 2011. only two years ago. of ough it is a small slice the total industry in terms of is rising popularly and takes thousands of hits. some will say it takes thousands of hits for artists to make any money. not xpert told me it is really that different from how radio used to work. >> a song is streamed to one person. so you have to have the millions of streams to make up the equivalent of one play on radio with a very large audience. so it does work out in the end, i can promise you. the main challenge is these services are growing and they all mainstream yet. when they become mainstream i think that is a valid not and viable old ways of or getting mu
futures improving. the nasdaq is mossive territory. more corporate earnings on tap today including apple. apple is -- we're going to be watching for how many iphones and ipads it sold during the quarter. big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on things like income, industry outlook, stress, physical demands. >> so not happiness? >> happiness is in there. here's the rest of the top five worst jobs. lumberjack is number two, followed by enlisted military personnel, actor, and oil rig worker. so the best jobs in america? the number one job in america according to career cast an actuary, make about 87 grand a year, biomedical engineers, software engineers, an
congress does something about it, unlikely they will given the mood up there right now. >>> apple by the way, is reporting its quarterly earning with very low expectations. dan is joining us now. what exactly is there problem? >> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and reco
. the new thing is to get an adam's apple. - my mom just had this fixed for me. it was my grandfather's. he worked for years at union station in d.c. as a pickpocket. - hey, hey, hey. card game, guys. $20 per, pot's $1,040. who's in? - what is this, jabba's pleasure skiff? - it's the crew lottery, liz. you buy a card. if it gets picked, you win $1,000. get a tub of new suits from the suit emporium. kabletown guys notice. your hair grows back. everything grows back. - all right. anybody else? - fine, i'll take one if it'll get everybody back to work sooner. - [scoffs] - what are you doing? that game is not for softhands and faceworkers. it's for strongs and lifters. - they hate when one of us wins. [crowd booing] your boos are not scaring me. i know most of you are not ghosts. - come on, my card only has a 1 in 52 chance of getting picked anyway. - how did you know that? you're like rain man. quick, how many toothpicks are on the ground? - zero. - you need to go to vegas. - whoa, why is toofer in the punishment corner? - [british pronunciation] i said time to end the charade and adjust my sc
. the bill has the backing of mayor michael bloomberg would make the big apple the first big city to set the new age limit. right now you have to be 18 to buy a pack of cigarettes. >> the dutch have an out of this world offer they will fly you to mars for free. there's a catch. there's a one-way ticket. 10,000 people have applied for the 2022 michigan. mars 1 wants to establish a permanent human colony on the red planet. what do you think? >> i will wait for the next one. you? >> with a return flight, i will wait. >> all right. the president promised only high income earners would see their taxes go up. in a new report says every income level would pay more. diane macedo has the number for us. >> while the president's budget would mainly raise taxes on those earning 200,000 dollars or more a year a study finds that in 2015 under his budget nearly all taxpayers would be paying more taxes. according to that study 86 percent of the increases would come from people earning 200,000 a year due largely to scaling back tax breaks and disproportionate tax breaks and minimum level of taxation for
got this picture from manhattan, kansas. the little apple, where there is snow on the ground. so what is going on? maria molina joins us with the forecast. i was in kansas two days ago. it was 30 something degrees. still winter there. >> yes, it is. temperatures still in the 30s across parts of kansas, including that city in the little apple, manhattan, kansas. they're looking at a current temperature at 32 degrees. you factor in a little breeze and you're talking wind chill temperatures across that area that are only in the teens and 20s. many of you waking up saying it's supposed to be spring out here. but it feels more like january. it feels like 12 in garden city in the state of kansas. looking at the radar, we have the snow coming down across parts of colorado, kansas and into southern areas of the state of nebraska. a number of winter weather advisories are in effect out here. this is the same storm that will actually be bringing in rain to areas currently dealing with river flooding across indiana, illinois, all the way down into parts of mississippi. otherwise temperatures eve
reported signing up $2 million more customers for the screaming service. >>> apple is scheduled to announce its quart terly earnings after the -- quarterly earnings after the bell. they are expecting lower profits. that's the first time in a decade they would shrink. right now, the stock is up 1% to $403. >>> twitter has signed its biggest ad deal yet. the agreement is reported to be worth hundreds of millions of dollars over several years. starcom, coca-cola and microsoft. analysts say the deal shows twitter is the bridge to tv audiences. google will bring new information right to your desktop. there is a new service called google now that tries to answer questions before you ask them. there's it could tell you a different way to drive home because traffic is bad on your usual route at the time you are scheduled to leave. >>> also this morning, a new sign, the housing market is getting stronger. the commerce department says sales of new single family homes went up 1.5% in march. seas jumped 18% higher than during march of last year. the national average price almost 7% between february and
states. it's mixing apples and oranges. i i agree with jorge complete. it's a symmetrical relationship. >> charlie: what people emphasize about fid oal's leadership in cuba is the very same thing you've been emphasizing about hugo chavez. the very same ideas. >> i think what's different about it is that tube a is an authoritarian state. venezuela has elections. you can complain about lack of procedurallism in venezuela. the debate is wide open. what they did was... >> there's no comparison. cuba has been and will remain to be for practical purposes a dictatorship. venezuela is not. >> i think the electoral process was not democratic. >> you mean procedural? there's no death squad? nothing compared to... >> there's no comparison. charlie: who is the next chavez in latin america? >> it could be carriya of ecuador but the problem is that ecuador is a much smaller country than venezuela. it doesn't have nearly as much oil. t he clrly a protege of hugo chavez and has the same rhetorical shoot from the hip style. it's somewhat mixed. i support some measures that he's undertaken. for example
. i think we are talking apples and oranges here. >> we have a lot of confusion here. this is where i disagree with juan. cases going back to the civil war. the president has the authority to declare somebody an enemy combatant. all that means when you talk to them. anything they tell you in the context of intelligence gathering cannot be used against them in a court of flaw a criminal proceeding. that's what the constitution says is that you have a right not to be compelled to incriminate yourself in a criminal proceeding. intelligence gathering thing there are all sorts of ways where you wall off what you get from his intelligence gathering. not poison a criminal case and every lawyer that has looked at this has said they don't need a confession from this guy. they have so much evidence that the idea that somehow if he tells them something he might get off no one thinks that's a possibility. i think, you know, jane harman on here on sunday was sort of indicative on this is that there is a lot of confusion between military tribunals and enemy combatants. can you be enemy combatant an
to a pair of stories expected to be in the news ahead. starting with apple's earnings, its quarterly results are expected to shrink for the first time in a decade. decade. iphone sales are in a slump. shares have plunged 55% over the past six months. >>> can you remember life before youtube? the website turned 8 years old today. >> here we are, one of thealfants. >> this clip is the very first youtube video. that is the website cofounder at the san diego zoo. >> business partners sold to google for a whopping $1.65 billion. ♪ >> that is the most watched video on youtube. "gangnam style" with more than $1.5 billion views. >> youtube has become the number one source of viral videos, cat videos in particular like this post showing a cat playing with a vacuum cleaner. what is it about cats on youtube? i don't know. this is one of the most watched videos this week. >> you are watching cnn news room live. we will have more on the boston investigation. >> stay with cnn. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recon
coming out today including apple, at&t and delta airlines. three biggies. nearly one-third of the companies in the s&p will report their results this week alone. the reports have been pretty good so far. on wall street the dow reversed an early slide yesterday and gained 19 points. the nasdaq climbed 27. >>> stock indices have more than doubled since the march 2009 bottom. but many investors still a little spooked by the markets. here to explain why is jill schlesinger, cbs news senior business analyst. >> reporter: good morning. >> ordinary investors might pile into stocks. tell us what's going on. >> reporter: well, it's so wild because the financial crisis and the subsequent 55% drop in stock indexes clearly have lot of a lasting impression on investors. according to bankrate.com's financial security index, a whopping 76% of respondents say they are just saying, no to stocks. that's a huge number. economists call this recency bias. we tend to use our resent experience as a guide for what's going to happen in the future. sohen stocks are soaring, we think markets
report. also apple results come out after the closing bell one of the most sophisticated reports of this earnings season in part because the stock is down 30% over the past year. other events we're following this morning floodwaters rising in the midwest swallowing entire communities whole. next we're going to take you tloiv a town trying to save its homes. and then a 6-year-old boy, attacked by an alligator, and survives! >> the alligator -- and grabbed my arm and i couldn't get out. >> he and his father join us with the terrifying encounter. a? [ female announcer ] now there's new neutrogena® naturals acne cleanser. acne medicine from the wintergreen leaf treats breakouts. no parabens or harsh sulfates. for naturally clear skin. [ female announcer ] neutrogena® naturals. [ female announcer ] for everything your face has to face. face it with puffs ultra soft & strong. puffs has soft, air-fluffed pillows that are dermatologist tested to be gentle on your skin. face every day with puffs softness. face every day ♪ (train horn) vo: wherever our trains go, the economy comes to l
area based apple will post earnings after the market closes. the commerce department announces morning that sales of new homes rebounded in march to the senate passed the sales pace in three years rising 1.5% to a seasonally adjusted annual rate of 417,000. that's still below the 700,000 pace considered healthy by most economists that is up 18.5% from a year ago. we will take it as a good sign. also following the latest whip bay area based on net flicks making headlines this morning. the company's decision to feature original programming on its internet video service appears to be pulling in more customers. in early february the company debuted a house of cards, a critically acclaimed series made exclusively for netflix. the move helped add to million u.s. subscribers during the first three months of the year. the company's stock surged 22% to $213 in overnight trading on that news. right now is at $216 a share. netflix saw losses this time last year, so this is a good week for netflix. >> tax-free shopping on the internet could be over under a bill making its way through the senate. t
're someone very special. now discover caramel apple filled werther's original. and "multiple choice," come to walgreens for help finding the one that's right for you... like centrum. now, get four dollars off select centrum products with balance rewards card. at the corner of happy and healthy. for over 30 years. and it's now the most doctor recommended, the most preferred and the most studied. so when it comes to getting the most out of your multivitamin, the choice is clear. centrum. >>> coming up from here in boston we'll have the latest overnight developments on the investigation into the deadly bombings here, savannah? >> we'll also have our exclusive interview with president obama, what he's saying about the in:nk and the fight over the guns bill, after your local news. especially my niece. the moment she pointed out my moderate to severe chronic plaque psoriasis... well, it was really embarrassing. so i had a serious talk with my dermatologist. this time, she prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical tr
tragedy, the state of virginia is pausing dollars to victims from apple 16th, 2007. that is late 22 year- old college student on a shooting spree at the campus in blacksburg 32 bit support given the gunman took a long life. it is considered the deadly shooting rampage in modern u.s history. >> we will continue team coverage of the attack at the boston marathon were three people were killed and more than 150 people are injured. we're live in boston we will have all the angles that affect you in the bay area as well. even down to the commute this morning. we will be right back. >> we continue to monitor the latest informations on our top story devastation boston. two bombs going off 100 yds in 10 seconds apart near the finish line of the boston marathon. >> the very latest numbers we have an kron 4 news 3 killed including an 8 year- old boy was watching his father run the race. his mother and sister seriously injured. 150 people injured. >> at the youngest three years old. >> there's been no claim of responsibility for the bombing. overnight we have video of law-enforcement officers search
airports again. from los angeles, with more than three-hour delays overnight, to denver, to the big apple. new york's three airports at one point averaging three-hour delays. >> a little frustrating, especially at 3:00, 4:00 in the morning. >> reporter: some of the delays were weather-related. among the three-hour delays, the new york to washington, d.c. shuttle. not to rub salt in anyone's wounds. but the train would have gotten them there faster. >> because of sequestration, the line to take off was over an hour long. >> reporter: the faa is blaming the delays on across-the-board budget cuts which, it says, forced it on to furlough 15,000 air traffic controllers and other workers and were spacing out flights in the name of safety. several hundred flights delayed, less than the agency's prediction of 6,700 daily flight delays. but transportation secretary ray lahood warns abc, we might see an airplane apocalypse yet. >> we did not take into account weather activities. these delays could get extended beyond the 60 to 90 minutes. >> reporter: late monday, i decided to investigate the delay
. >> we talk about the financial institutions. we won't bring up apple today. that is our favorite topic. but goldman sachs coming out and trading revenues were actually strong. investment stims were strong. >> i don't have a position in goldman sachs but my cursory look was that this is good. i know stock is trading down today and that's just short-termism. if you're a long term investor in goldman sachs, i would think you would feel good and not worry about whether the next two to three weeks is going to be bad or good. cheryl: top line was good. speaking of extra security in front of the new york stock exchange, we have some employees there but another thing we're looking although, we have numbers coming out after the bell today. intel, yahoo. when you look at the numbers, do you put a weight into this quarter? comparison to the first quarter of last year, it will be toughest specially for intel. >> those two names are story stocks right now. the story with intel, nobody is expecting anything great for them. not after the p.c. sales numbers from last week and, you know, these guys hav
deangel loss is there. >> good morning. all eyes on apple ahead of its earnings report this afternoon. the concern is that the company could say it saw a sharp drop in iphone sales. the stock taking a big beating down nearly 45% since its peak last september. meantime, netflix is another one to keep an eye on. the on demand movie streaming site reporting a gain of 2 million u.s. subscriber. that's sending the stocks soaring in after hour sessions. >> jackie with the new york stock exchange, thanks. >>> a terrifying moment in celina, kansas, where a woman walked into a bathroom at the circus, closed the door, and then she came face to face with a tiger two feet away from her. this is video when the massive feline escaped during its performance. then when the woman was in the bathroom with the tiger, she stayed calm. she was able to exit and alerted workers who then recaptured the animal. the woman's 3-year-old daughter meanwhile had only one concern about that hair racing incident. she wanted to know if the tiger washed its hands before leaving the bathroom, its paws. >> that's like a
Search Results 0 to 31 of about 32 (some duplicates have been removed)